China August Imports Rise as Demand Picks up

China's imports unexpectedly rose in August for the first time in nearly two years, boosted by coal and other commodities, suggesting domestic demand may be picking up and putting the world's second-largest economy on a more balanced footing.

Exports also showed signs of improvement, falling by a less-than-expected 2.8 percent from a year earlier, as demand in the United States, Europe and even Japan showed some signs of improvement, data showed on Thursday.

If it proves sustainable, a trade recovery or even signs of trade stabilization would help ease fears that China's economy is becoming increasingly lopsided, and give feeble global growth a much-needed shot in the arm.